MRT meeting to review deployment of APEC priorities
As one of the most important ministerial meetings held annually, the 23rd Meeting of Ministers Responsible for Trade will review the implementation of the theme and priorities in the APEC Year 2017.
Hanoi (VNA) – As one of the most importantministerial meetings held annually, the 23rd Meeting of MinistersResponsible for Trade (MRT 23) in Hanoi on May 20-21 will review theimplementation of the theme and priorities in the APEC Year 2017. Following discussions and getting supportfrom other APEC member economies, Vietnam already defined the theme of “Creatingnew dynamism, fostering a shared future” for the APEC Year 2017.
To realise the theme, Vietnam also proposed four priorities,namely promoting sustainable, innovative and inclusive growth; deepening regional economic integration; strengthening MSMEs’ competitiveness and innovation in thedigital age; and enhancing food security and sustainableagriculture in response to climate change.
In addition, MRT 23 will also giveinstructions on economic-trade activities within the process of regionaleconomic integration and APEC’s efforts to support the multilateral tradesystem which is represented by the World Trade Organisation (WTO), towards the 11th WTO Ministerial Conference scheduled to take place in Argentina from December11-14.
The meeting will also touch upon initiativeson promoting sustainable, innovative and inclusivegrowth; developing humanresources in the digital age, and strengthening MSMEs’ competitiveness and innovation in the digital age.
The instructions by MRT 23 will lay afoundation for Vietnam and other APEC members to improve proposals andinitiatives for submission to the APEC Economic Leadeꦰrs Meeting in the cent꧋ralcity of Da Nang in November.-VNA
The Australian Government is sponsoring a training programme for leaders and officials of Da Nang to enhance their English language and intercultural communication skills to contribute to a successful APEC year in Vietnam.
The 24th General Meeting of the Pacific Economic Cooperation Council (PECC) has proposed ideas for the future of the Asia-Pacific partnership which will be submitted to the APEC senior officials and ministers after one day of working in Hanoi.
The cross-border exchange of credit information is critical to promoting the quality and efficiency of investment and business activities of all APEC member economies, an official of Vietnam’s central bank said.
The APEC forum needs to hold aloft the flag of trade and investment liberalisation despite the fact that there remained scepticism about globalisation and protectionism has arisen in several member economies.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
At the PECC meeting. (Source: VNA) 
